Trish Mills

REALTOR®

Millennium Inc., Brokerage*

10-350 Rutherford Rd South

Brampton, ONL6W 3M2

Office:	905-450-8300
Office Fax:	905-450-6736
Toll Free:	888-450-8301
Cell:	416-659-6060

Connected To More

Signed in as . Sign Out.

How to calculate the Land Transfer Tax in the Province of Ontario

Purchase Price	Calculation of Land Transfer Tax
0 to $55,000	Amount x .005
$55,001 to $250,000	(Amount x .01) minus $275
$250,001 to $400,000	(Amount x .015) minus $1,525
Greater than $400,000	(Amount x .02) minus $3,525

Examples
Land Transfer Tax = ($50,000 x .005) = $250.00
Land Transfer Tax = ($200,000 x .01) minus $275 = $1,725.00
Land Transfer Tax = ($275,000 x .015) minus $1,525 = $2,600
Land Transfer Tax = ($450,000 x .02) minus $3,525 = $5,475.00

Posted by Trish Mills on April 15, 2009

Tags: Land Transfer Tax

Pin It

Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage organization. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC, used under license. ® Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Inc. and Century 21 Canada Limited Partnership.

This site is optimized for Internet Explorer 7 and Firefox.

Trish Mills

How to calculate the Land Transfer Tax in the Province of Ontario

0 to $55,000

Amount x .005

$55,001 to $250,000

(Amount x .01) minus $275

$250,001 to $400,000

(Amount x .015) minus $1,525

Greater than $400,000

(Amount x .02) minus $3,525